News for 'housing fraud'

How New Visa Rules Will Affect Students

How New Visa Rules Will Affect Students

Rediff.com1 Aug 2024

As the number of students seeking higher education abroad continues to rise, several countries are implementing new rules. Gaurav Batra, CEO and founder of Infinite Group highlights how these changes will impact Indians who are planning to study abroad.

Previous govt had no interest in building houses for poor: PM

Previous govt had no interest in building houses for poor: PM

Rediff.com5 Oct 2021

On the other hand, the Yogi Adityanath government has 'completed nine lakh houses under the scheme and 14 lakh are under construction', Modi said, reeling out comparative figures.

Hero Group a victim of Citi fraud

Hero Group a victim of Citi fraud

Rediff.com31 Dec 2010

Naveen Munjal of Hero Exports alone had given around Rs 50 crore.

MPs claim names included in RS panel on Delhi services bill without consent

MPs claim names included in RS panel on Delhi services bill without consent

Rediff.com7 Aug 2023

Rajya Sabha deputy chairman Harivansh on Monday announced a probe into the complaints of at least four MPs that their names were included in a proposed select committee of the house for the Delhi services bill without their consent.

Kejriwal calls note ban a 'fraud', seeks rollback

Kejriwal calls note ban a 'fraud', seeks rollback

Rediff.com15 Nov 2016

He said the move is aimed at benefiting a 'particular political party'.

U'khand UCC Bill: Jail, penalty for non-registration of live-in relationships

U'khand UCC Bill: Jail, penalty for non-registration of live-in relationships

Rediff.com7 Feb 2024

The Uniform Civil Code of Uttarakhand, 2024 bill also says that any child born of a live-in relationship shall be considered a legitimate child.

Ex-MD of PNB was aware of Nirav fraud: CBI

Ex-MD of PNB was aware of Nirav fraud: CBI

Rediff.com21 May 2018

The 12,000-page charge sheet further claimed that a similar fraud was detected in 2016 following which the RBI took up the issue and issued circulars to all banks.

PNB fraud: 200 shell firms, benami assets under scanner

PNB fraud: 200 shell firms, benami assets under scanner

Rediff.com18 Feb 2018

The Enforcement Directorate, which continued its searches against Modi, Choksi and their companies for the fourth day on Sunday , is also moving to attach at least two dozen immovable properties under the Prevention of Money Laundering Act.

AAP to move SC as HC rejects plea to set aside Chandigarh mayoral polls

AAP to move SC as HC rejects plea to set aside Chandigarh mayoral polls

Rediff.com31 Jan 2024

The Aam Aadmi Party has sought the setting aside of Tuesday's election, alleging tampering of ballot papers, and fresh elections under the supervision of a retired high court judge.

Glimmers of Mehul Choksi's 'empire' that was built on fraud

Glimmers of Mehul Choksi's 'empire' that was built on fraud

Rediff.com3 Jul 2021

Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.

PNB fraud: CBI gets govt nod to act against Usha Ananthasubramanian

PNB fraud: CBI gets govt nod to act against Usha Ananthasubramanian

Rediff.com13 Aug 2018

The government has given sanction for prosecution against PNB executive director Sanjiv Sharan as part of the clean up exercise in the system.

The journey of Hemant Soren, Jharkhand's youngest CM

The journey of Hemant Soren, Jharkhand's youngest CM

Rediff.com1 Feb 2024

From taking charge of Jharkhand as its youngest chief minister at 38 to establishing himself as a 'fighter' for tribal rights, Hemant Soren, who was arrested by the Enforcement Directorate, is an accidental leader thrust into politics after a family tragedy.

BJP fields 8th RS candidate in UP, targets SP's votes

BJP fields 8th RS candidate in UP, targets SP's votes

Rediff.com15 Feb 2024

An eighth BJP candidate on Thursday filed his nomination for the Rajya Sabha elections in Uttar Pradesh, setting the stage for a contest with the Samajwadi Party on February 27.

PNB fraud is now pegged at Rs 12,717 crore

PNB fraud is now pegged at Rs 12,717 crore

Rediff.com27 Feb 2018

The jewellers and companies linked to Nirav Modi and Mehul Choksi had allegedly colluded with PNB officers to obtain fake bank guarantees to get loan from overseas branches of Indian banks including Allahabad Bank, Axis Bank and UCO Bank.

Parl passes bill allowing govt to take control of telecom services

Parl passes bill allowing govt to take control of telecom services

Rediff.com21 Dec 2023

The Bill allows stopping of transmission and intercepting messages in case of public emergency, in the interest of the public, to prevent incitement for committing offence.

Banking frauds more than doubled in 2005: FM

Banking frauds more than doubled in 2005: FM

Rediff.com19 May 2006

Frauds in the Indian banking system more than doubled in value during 2005, touching Rs 1,134.3 crore (11.34 billion) as against Rs 451 crore (Rs 4.51 billion) in the previous year, Lok Sabha was informed on Friday.

Champai Soren to take oath as Jharkhand CM today

Champai Soren to take oath as Jharkhand CM today

Rediff.com2 Feb 2024

Jharkhand Governor C P Radhakrishnan on Thursday nominated Jharkhand Mukti Morcha legislative party leader Champai Soren as the chief minister and invited him to take the oath, capping a day of fast-paced developments.

Yes Bank fraud case: Wadhawan brothers get bail

Yes Bank fraud case: Wadhawan brothers get bail

Rediff.com20 Aug 2020

Justice Bharati Dangre granted them bail as the Enforcement Directorate failed to file its charge sheet in the case within the stipulated 60-day period.

US court disqualifies Donald Trump from 2024 US presidency

US court disqualifies Donald Trump from 2024 US presidency

Rediff.com20 Dec 2023

Colorado election officials have said the matter needs to be settled by January 5, which is the statutory deadline to set the list of candidates for the GOP primary scheduled for March 5.

Nancy Pelosi re-elected as Speaker of House of Representatives

Nancy Pelosi re-elected as Speaker of House of Representatives

Rediff.com4 Jan 2021

Pelosi, 80, secured 216 votes in a tight contest against Republican Kevin McCarthy, who got support from 209 Congressmen, after Democrats lost 11 seats in the November elections to command a narrower 222-212 majority.

EPF Withdrawal Claim Rejected? Here's Help

EPF Withdrawal Claim Rejected? Here's Help

Rediff.com3 Oct 2023

Post your financial planning queries for rediffGURU and financial planning expert, Colonel Sanjeev Govila.

PNB fraud raises stink over banks' risk management ability

PNB fraud raises stink over banks' risk management ability

Rediff.com16 Feb 2018

The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved

Champai Soren stakes claim to form govt, Guv yet to take a decision

Champai Soren stakes claim to form govt, Guv yet to take a decision

Rediff.com1 Feb 2024

Amid a political crisis in Jharkhand, Jharkhand Mukti Morcha legislative party leader Champai Soren on Wednesday called on Governor C P Radhakrishnan and urged him to accept his claim to form the government at the earliest.

Trump leaves White House with unprecedent tainted legacy

Trump leaves White House with unprecedent tainted legacy

Rediff.com20 Jan 2021

The 74-year-old real estate mogul-turned politician, who radically changed politics in the corridors of power in Washington, DC over the past four tumultuous years, was impeached for a second time on the charges of 'incitement of insurrection' for the violent storming of the United States Capitol by his supporters just days before the end of his four-year term.

Trump admin announces tough steps to detect H-1B visa fraud

Trump admin announces tough steps to detect H-1B visa fraud

Rediff.com4 Apr 2017

The USCIS announcement indicated that the US government is going to be tough and stringent in approval of H-1B visas this year.

PNB fraud: Nirav Modi's sister turns approver; will help ED unearth Rs 579-cr assets

PNB fraud: Nirav Modi's sister turns approver; will help ED unearth Rs 579-cr assets

Rediff.com7 Jan 2021

Fugitive diamantaire Nirav Modi's sister and brother-in-law have "turned approvers" in the over $2 billion PNB fraud case against him and they will help the Enforcement Directorate confiscate assets worth Rs 579 crore, including Swiss bank deposits, the agency said on Thursday. Forty-nine-year-old Nirav Modi, who is currently lodged in a London jail, his uncle Mehul Choksi and others are being probed by the Enforcement Directorate (ED) in the Punjab National Bank (PNB) money laundering case since 2018. The diamond merchant's younger sister Purvi Modi (47) is a Belgian national while her husband Maiank Mehta is a British citizen. They are stated to be based abroad and have never joined the probe.

Canadian lawmakers back Indian students facing deportation

Canadian lawmakers back Indian students facing deportation

Rediff.com8 Jun 2023

A Canadian parliamentary committee has voted unanimously to urge the border services agency to stop the deportation of nearly 700 Indian students who were duped by unscrupulous education consultants in India to enter the country with "fraudulent college admission letters."

PIX: Trump leaves White House without welcoming Biden

PIX: Trump leaves White House without welcoming Biden

Rediff.com20 Jan 2021

Donald Trump, known for his unpredictable leadership style, divisive rhetoric targeting both allies and opponents, and the only US president to be impeached twice, left the White House on Wednesday with a tainted legacy never seen before in American political history.

New audit rules will shield India Inc against frauds

New audit rules will shield India Inc against frauds

Rediff.com27 Feb 2020

With auditing under the scanner and two of the Big Four firms stopping non-audit services for audit clients, auditors will now be subjected to a more stringent standard of reporting.

5 Indians among 7 charged in bank fraud case in US

5 Indians among 7 charged in bank fraud case in US

Rediff.com1 Jul 2015

If convicted, each defendant faces a maximum penalty of 30 years.

CAs' body asks govt help in accessing PNB fraud data

CAs' body asks govt help in accessing PNB fraud data

Rediff.com1 Mar 2018

ICAI intends to investigate the chartered accountants of PNB but the bank allegedly refuses to give the information sought.

Subprime crisis: Goldman Sachs charged with fraud

Subprime crisis: Goldman Sachs charged with fraud

Rediff.com16 Apr 2010

Securities Exchange Commission, the American market regulator, on Friday charged investment banking major Goldman Sachs with fraud on subprime mortgages, saying that Goldman did not disclose key facts to investors.

Jharkhand trust vote on February 5, MLAs flown to Hyderabad

Jharkhand trust vote on February 5, MLAs flown to Hyderabad

Rediff.com2 Feb 2024

The Champai Soren-led coalition government in Jharkhand will seek trust vote on February 5, minister Alamgir Alam said on Friday after a Cabinet meeting.

Parliament adjourned within minutes of commencement

Parliament adjourned within minutes of commencement

Rediff.com29 Mar 2023

The Question Hour in Lok Sabha has been disrupted every day since March 13.

Technology can prevent corporate fraud: PwC

Technology can prevent corporate fraud: PwC

Rediff.com26 Jul 2010

A new PwC report, '2010 Internal Audit State of the Productivity of the Profession Survey', said about 48 per cent of Indian companies lack skill and knowledge of data tools used in internal audit softwares, while 18 per cent have no access to these tools.

CBI files Rs 230-crore bank fraud case against Amrapali

CBI files Rs 230-crore bank fraud case against Amrapali

Rediff.com20 May 2022

The CBI has filed an FIR against Amrapali Leisure Valley Developers Pvt Ltd, its director Anil Sharma and others for allegedly cheating Bank of Maharashtra and Andhra Bank of over Rs 230 crore, officials said on Friday. The banks had sanctioned credit facilities to develop a housing building at the Tech Zone IV in Uttar Pradesh's Greater Noida on a plot measuring 1.06 lakh square metre, the FIR alleged. The company failed to maintain financial discipline following which the account was declared a non-performing asset on March 31, 2017, the complaint from Bank of Maharashtra, now part of the FIR, has alleged, adding that "it has resulted in the loss of over Rs 230.97 crore". Following the FIR, the CBI Thursday conducted searches at four locations in Delhi, Noida and Ghaziabad, they said.

Home loan frauds on the rise

Home loan frauds on the rise

Rediff.com11 Feb 2006

How did Nirav Modi pull off PNB fraud?

How did Nirav Modi pull off PNB fraud?

Rediff.com25 Oct 2019

Theoretically, Modi, who understood corporate finance, committed no crime by raising debt to fund a growing business. In fact, he did a tidy job of it, but his operation started to see the ground underneath it give way in January 2018. A fascinating excerpt from Pavan C Lall's Flawed: The Rise And Fall Of India's Diamond Mogul Nirav Modi.